Brief: Novanta Announces Agreement To Acquire Schneider Electric Motion Usa

Novanta

12/07/2021 13:11

July 12 (Reuters) - Novanta Inc  NOVT.O :
    * NOVANTA ANNOUNCES AGREEMENT TO ACQUIRE SCHNEIDER ELECTRIC
MOTION
USA
    * NOVANTA INC - DEAL FOR $115 MILLION IN CASH
    * NOVANTA INC -  TRANSACTION WILL BE FINANCED USING
AVAILABLE CASH
ON HAND AND COMPANY'S REVOLVING CREDIT FACILITY
    * NOVANTA INC - ACQUISITION IS EXPECTED TO BE ACCRETIVE TO
NOVANTA'S FREE CASH FLOW AND NON-GAAP EARNINGS PER SHARE

Source text for Eikon:  ID:nBw5s9m0Ya 
Further company coverage:  NOVT.O 

 ((Reuters.Briefs@thomsonreuters.com;))